Multiple Choice
Identify the action taken by OCC and the Federal Reserve in 1997, to expand the permitted activities of bank holding companies.
A) Repealed the Glass-Steagall barriers between commercial banking and investment banking.
B) Allowed commercial banks to acquire directly existing investment banks.
C) Allowed investment banks to offer banking products.
D) Allowed investment banks to offer deposit products.
E) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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